A total of 2,225 power firms across the country assigned with carbon dioxide emission caps can now trade their emission quotas via the system whereby firms that exceed their caps can purchase unused quotas from those with low emissions.

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic.

The Chinese automotive market is growing rapidly, with customers' expectations increasing as they seek suppliers which can support their transition to low-emissions vehicles, said Lakshmi Mittal, chairman and CEO of ArcelorMittal.

On February 3, the daily turnover of steel in China was 18300 tons,lower than 100000 tons per day for 9 consecutive days and 50000 tons per day for 5 consecutive days.

Low-carbon & green strategy will become the biggest challenge affecting the survival and development of the iron and steel industry.

Chongqing Iron and Steel's striding forward to a scale of over 10 million tons.

In addition, high profits have greatly stimulated the capacity expansion of overseas mines, and the supply of iron ore continues to increase.

According to the China Tungsten Industry Association, China’s tungsten concentrate production in 2018 was 64,882 tons (tungsten metal), accounting for 76.2% of the world’s tungsten concentrate production.